facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

22-22 Jackson Avenue

The Carlyle Group Secures $61.9 Million Refinance Loan From Invesco Ltd For Multifamily Asset
FINANCEDMultiFamily

The Carlyle Group Secures $61.9 Million Refinance Loan From Invesco Ltd For Multifamily Asset

22-22 Jackson Avenue

$61,897,000

$445/SF

Building Size

138,973 SF

Asset Type

MultiFamily

Closing

Dec 9, 2024

AI

The property asset involved in this transaction is a multifamily building located at 22-22 Jackson Avenue in Long Island City, featuring a total square footage of 138,973 and comprising 175 residential units. The transaction was facilitated through a refinance loan amounting to $61,897,000.

Summary of transaction details:

The deal involves notable individuals from JLL, including Geoff Goldstein, Steven Klein, Jeffrey Julien, and Rob Hinckley, who represented the interests of The Carlyle Group as the landlord in this refinancing transaction.

Players

Christopher Peck

JLL

Broker

$14.6B

vol

70 deals

Broker
Invesco Real Estate
Invesco Real EstateLender

Long Island City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93